By Dineo Faku Feb 15, 2019. A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. South32 pushes for strong tailings dam action, declares special dividend The reporting season shows the range of results.The prestige Melbourne firm settled the workplace claim, but its boss is fighting to prevent the release of documents about the matter. The world’s biggest manganese producer said yesterday that it would be paying shareholders a special dividend on the back a $635million (R8.8billion) half-year profit, which is a 17percent improvement from the previous period.The group’s strong cash position gave it leeway to award shareholders with $344m, including a $86m fully franked special dividend, and a $258m fully franked interim dividend.It said through the payment of the special dividend meant 87percent of its $1bn capital management programme was complete, with the remaining $127m scheduled to be returned to shareholders in April, depending on market liquidity.South32 chief executive, Graham Kerr, said the firm remained on track to divest South Africa Energy Coal with binding bids expected by the end of June. South32 is scaling down its presence in the country and is exiting the thermal coal business, which it plans to offload to an empowered company in line with the company’s transformation agenda.Kerr told analysts in a conference call yesterday that the thermal coal business would be better placed in the hands of new owners, preferably black South Africans.“The objective is to make a business that is truly transformed and sustainable, because we are not leaving South Africa. South32 Limited (S32) Dividends. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. Read detailed company information including dividend distribution, dividend amount and payment history. When we started the process, we talked about the first six months of the last calendar year for setting up a standalone entity, which has been achieved.“The second half of the year was looking at receiving expressions of interest from different parties who met the criteria. South32 chief executive Graham Kerr has labelled the Mr Kerr said the mining and metals company would push the International Council on Mining and Metals to take strong action on tailings dam safety following the Brumadinho disaster in Brazil.He said South32's focus on dam safety was nothing new and not a reaction to the Vale incident or the Samarco disaster in 2015 that involved BHP, the year it spun out non-iron ore mining assets to create South32.South 32 chief executive Graham Kerr: Record production at Australia Manganese, strong operating performance more broadly and higher commodity prices have delivered a 17 per cent increase in net profit. Find out more at Intelligent Investor The dividends will be paid on April 5, with the ordinary interim dividend worth US4.3 cents a share, and the special dividend worth US3 cents a share. And the Morrison government can do little but foot the bill, writes Phillip Coorey.For many Australian companies coronavirus has brought the future forward – for better or worse. The ASX Group's activities span primary and secondary market services, including capital formation and hedging, trading and price discovery (Australian Securities Exchange) central counter party risk transfer (ASX Clearing Corporation); and securities settlement for both the equities and fixed income markets (ASX Settlement Corporation). "He said South32 had 33 tailings dams spread across eight operations on three continents. 2020 interim and special dividend currency exchange rates South32 Limited (ASX, LSE, JSE: S32; ADR: SOUY) (South32) advised on 13 February 2020 that the Board resolved to pay an interim dividend of US 1.1 cents per share (fully franked) for the half year ended 31 December 2019, and a special dividend of US 1.1 cents per share (fully franked) (collectively referred to herein as the 'dividends'). All dams were independently inspected every two years and the company had no doubt about their safety.The company has three dams in Australia – at the Worsley Alumina operations in Western Australia, the Cannington silver and lead mine in Queensland and the Gemco manganese mine on Groote Eylandt – that it has assessed as "highest potential consequence" in the event of failure.It installed a safety buttress on the Cannington dam last year and maintained a long-term focus on safety at Worsley and the Gemco downstream dam near an Aboriginal community.Shares in the $18.5 billion company jumped more than 3 per cent to $3.80 in early trading on Thursday after its half-year results exceeded analyst expectations.South32 said it would pay a special dividend after reporting a $US635 million ($895.6 million) first-half profit.Shareholders will receive an interim dividend of US5.1¢ (7.2¢) and a special dividend of US1.7¢ (2.4¢) a share, both fully franked, on April 4.The move to return $US511 million to shareholders through the two dividends completes 87 per cent of South32's $US1 billion capital management program.The remaining $US127 million is scheduled to be returned to shareholders by April 10 through the company's share buying program.Macquarie analyst Hayden Bairstow said South32 had performed slightly better than expected given concerns about cost pressures.He said it had been hoped South32 would push beyond the $US1 billion capital management program and the dividend was lower than expected given the scope to return more to shareholders.However, the cautious approach was understandable given the volatility of commodity price forecasts.Record production at Australia Manganese, strong operating performance more broadly and higher commodity prices delivered a 17 per cent increase in net profit for six months to December 31.Revenue increased 9 per cent to $US3.81 billion from the same time last year while underlying earnings per share grew by 20 per cent.Production guidance was unchanged for all operations with the exception of Illawarra Metallurgical Coal, where it was upgraded by 7 per cent.South32 lowered unit cost guidance based on what it described as operating discipline and the benefits of a stronger US dollar and said it remained on track to divest South Africa Energy Coal, with binding bids expected by June 30.Follow the topics, people and companies that matter to you.The first few months of the coronavirus lockdown were a disaster for domestic tourism operators as people stayed home.With an eye on political gain, premiers and chief ministers are shutting borders despite the pain inflicted on the rest of the country.
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